LIST OF TERMS AND CONDITIONS

Similar documents
eihbank Europäisch-Iranische Handelsbank AG

TERMS AND CONDITIONS APPLICABLE TO CREDIT INSTITUTIONS

In the case of CIRS transactions, the MNB does not apply any FX-rate reset.

Terms & conditions for correspondent banks. Jan CaixaBank-Terms and conditions Correspondent banks

Terms and Conditions for Foreign Correspondent Banks

List of Terms and Conditions for Corporate Customers of Commerzbank Zrt.

Commercial Banking List of Conditions Part I.

List of Terms and Conditions for Corporate Customers of Commerzbank Zrt.

Trade Finance List of Prices and Services for Corporate Clients in Germany

for CIB ECO bank accounts of private individuals

for CIB ECO Plus bank accounts of private individuals

(Cut-off times represented in this present Condition List are all Central-European times (CET)).

Announcement for correspondent banks

CORPORATE CUSTOMER'S TERMS & CONDITIONS

Banking fees, commissions, conditions and costs for services chargeable to customers UK BRANCH

Rs 35 + VAT per month, i.e. Rs per month 4Debit interest on unauthorised overdrawn balances

for CIB ECO Plus bank accounts of private individuals

a) Forint sight account interest 0% p.a. 0% p.a. a) Foreign currency sight account interest for all currencies 0% p.a. 0% p.a.

BNP PARIBAS MALAYSIA BERHAD. Tariff and Charges

Fees and Commissions Annex for Banks and Financial Institutions

STANDARD ISLAMIC TRADE FINANCE TARIFF

Standard Conditions of Carrying out Documentary Transactions

on loans granted for consumer customers by Bank of China (Hungary) Close Ltd. Effective as from 15 th December, 2016

Transaction Banking Cash Management Price Guide Oman

Standard Chartered Bank

General terms and conditions I. Account maintenance and account handling II. Payments III. Cash Transactions...

Commercial Banking Payment Account List of Conditions Part II.

Standard Chartered Bank

CIB Általános Account for Consumers List of Conditions Effective from: 01 April 2015

a) Forint sight account interest 0% p.a. 0% p.a. a) Foreign currency sight interest for all currencies 0% p.a. 0% p.a.

Documents Against Acceptance (D/A)

PRODUCT-SPECIFIC BUSINESS CONDITIONS FOR FACTORING OF SLOVENSKÁ SPORITEĽŇA, A.S.

FEES AND CHARGES (CORPORATE NON SME)

List of Terms and Conditions for Corporate Clients ING Bank N.V., Hungary Branch

Corporate List of Conditions Part I.

T E R M S А N D C O N D I T I O N S

Price List for Legal Entities of ProCredit Bank (Bulgaria) EAD

(Cut-off times represented in this present Condition List are all Central-European times (CET)).

General Terms and Conditions for Foreign Correspondent Banks

Trade Finance Wholesale Banking

T E R M S А N D C O N D I T I O N S

Standard List of Fees and Commissions for Corporate Clients

Product Specification of Personal Mortgage Loan (for the purpose of commercial communication)

General Conditions of Lending Prevailing for contracts falling under the scope of Act No. V. of 2013

Competitive export financing within ocean industries

Advance Import Payment

ANNOUNCEMENT on GRÁNIT Tax Discount Accounts

List of Terms and Conditions for Corporate Clients ING Bank N.V. Hungary Branch

Tariffs for Transaction Services

UniCredit Bank Hungary Zrt. s Business Conditions for Corporate and Municipality Customers

Tariff of interests, fees and commissions Corporate clients

CIB BANK ZRT. GENERAL LIST OF CONDITIONS FOR BUSINESS AND OTHER ORGANISATIONS AND SOLE TRADERS CIB BANK ACCOUNT PLUS VALID FROM: 20 JANUARY 2017

Effective from: 9 th April 2018 (1802) Disclosured on the: 6 th April 2018

LIST OF CONDITIONS FOR PRIVATE CUSTOMERS OF THE BANK

Commissions & Fees Schedule June 2016

Please be informed, that over the year-end holidays, we will be open for business at the following opening hours:

Terms and Conditions for Banks

Banking service charges (valid from ) 1 Resident Non-resident Special conditions

Tariff. for fees and commissions. June 2015

UniCredit Bank Hungary Zrt. s Business Conditions for Corporate and Municipality Customers

LIST OF PRICES AND SERVICES FOR CORPORATE CLIENTS OF PKO BANK POLSKI SA NIEDERLASSUNG DEUTSCHLAND

TABLE OF COMMISSIONS AND CHARGES CONCERNING PERSONAL AND COMMERCIAL ACCOUNTS CHARGES FOR CREDIT FACILITIES (CURRENT ACCOUNTS / LOANS)

SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS w.e.f 01 st April, 2013 A) INWARD REMITTANCES:

TARIFF. For fees and commissions of Raiffeisenbank (Bulgaria) EAD for Legal entities and Sole traders. In force as of

LIST OF PRICES AND SERVICES FOR CORPORATE CLIENTS OF PKO BANK POLSKI SA NIEDERLASSUNG DEUTSCHLAND

Effective from: 13 th of August 2017 (1701), Disclosured on the 14 th of June 2017

Sales of this product will be discontinued from 01 January 2013!

Date. (Customer) (the Company ) Dear Sirs. Our Ref. MFA3-01. Master Forfaiting Agreement

Fees and Commissions Annex for Banks

Schedule of Charges Barbados Corporate Banking Effective: March 1, 2018

Schedule of Charges. Barbados. Corporate Banking. Effective: J une 20, 2017

United Overseas Bank Limited, Mumbai - Trade and Remittance Services

TARIFF. For fees and commissions of Raiffeisenbank (Bulgaria) EAD for Legal entities and Sole traders. In force as of

FINANCING THE BUDGET AND THE CENTRAL GOVERNMENT DEBT IN

List of Terms and Conditions for Corporate Clients ING Bank N.V., Hungary Branch

CREDIT CARDS TAKEN OVER FROM CITIBANK

FOREIGN EXCHANGE TRANSACTIONS

SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS w.e.f 01 st April, 2015.

Terms & Conditions for Small Business

REVISED FOREX SERVICE CHARGES. Schedule I Export Transactions

SECURITIES CLASSIFICATION SWEDEN Liquidity Coverage Ratio (LCR)

Forex related Service Charges (Excluding GST)

MIZUHO BANK, LTD. TERMS AND CONDITIONS Bank s Service Charge and Fee BANGKOK BRANCH. 03 December Page 1 of 16

Bank Fees and Charges

List of Terms and Conditions for Corporate Clients

Tariff of Banking Fees and Commissions for Customers of CaixaBank, S.A. (Spółka Akcyjna) Oddział w Polsce

ANNOUNCEMENT DEMAND DEPOSITS AND TIME DEPOSITS UniCredit Bank Hungary Ltd. s interest conditions for its private customers

Schedule of Charges. Barbados. Business Banking. Effect ive: F ebr u a r y 1, 2018

PRICE LIST KOMERČNÍ BANKY, A. S., pobočky zahraničnej banky

ERSTE BANK HUNGARY ZRT. BUSINESS RULES

I. PAYMENT ACCOUNTS... 2 II. BANK TRANSFERS... 2 III. CASH OPERATIONS... 3 IV. MONEY REMITTANCE... 4

REVISED SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS W.E.F. MAY 20, 2013

TRADE FINANCE PRODUCTS

Effective from: 15 th of December 2015 (1509) Disclosured on the 14 th of December 2015

TERMS AND CONDITIONS (business Customers)

Valid as of 1 st June 2018

Sales of this product will be discontinued from 01 January 2013!

Terms and Conditions for. Foreign Correspondent Banks UniCredit Bank Austria

Effective from: 13 th June 2016 (1602) Disclosured on the: 10 th June 2016

Commercial Banking List of Conditions Part II.

Transcription:

I. Transfers Commission for outgoing forint and foreign currency transfers If the Client submits a transfer order in which the beneficiary is a third party. 0.15%, min. HUF 1,500, max. HUF 10,000 II. Documentary transactions Export documentary credit (letter of credit) a) Commission for prior notification HUF 5,000 b) Advising commission Also applicable if the Bank performs the advising through another bank on the instruction of its correspondent or at the request of the beneficiary; also applicable in the event of an increase in amount. c) Preliminary document examination HUF 5,000 d) Utilization commission (for taking up and examination documents) e) Amendment commission (per order) When increasing the amount of an export letter of credit the Bank charges an additional advising commission over and above the amendment commission. f) Handing over a letter of credit to another credit institution g) Confirmation commission Applicable in addition to the advising commission, if the advising is executed with the commitment by the Bank. Import documentary credit (letter of credit) 0.15%, min. HUF 10,000, max. HUF 100,000 0.2%, min. HUF 10,000 HUF 10,000 HUF 10,000 in accordance with individual agreement (based on the country risk and the bank risk) a) Commission for opening a letter of credit 0.25%, min. HUF 10,000 (flat) 0.1%/month, min. HUF 5,000/month (in addition to the flat commission, from the opening of the letter of credit until the last utilisation) b) Utilization commission (for taking up and examination documents) 0.1%, min. HUF 10,000 (per doc. schedule) c) Amendment commission(per order) HUF 20,000 d) Discrepancy (charged to beneficiary) EUR 50 In addition to the commissions indicated above, if the Bank incurs additional, certifiable costs, then further s may be charged up to the amount thereof. 1/12

III. Guarantees issued by the Bank Guarantee Programmes 1. Flat commission In accordance with the agreement concluded with the partner credit institutions, set out in the guarantee programmes. 2. Guarantee issuance commission Payable over and above the flat commission 3. Amendment commission (per order) In the event of an extension of the term of the guarantees issued by the Bank and/or an increase in their amount, the Bank charges an additional guarantee issuance commission for the period of extension and/or the amount of the increase. In accordance with the agreement concluded with the partner credit institutions, set out in the guarantee programmes. In accordance with the agreement concluded with the partner credit institutions, set out in the guarantee programmes. Other guarantees (Commercial and nonstandard loan guarantees) 0.2%, min. HUF 50,000 as per individual agreement (depending on the risk of the Client and the transaction) in accordance with individual agreement, but a minimum of HUF 10,000 IV. Received guarantees 1. Advising commission Also applicable if the Bank max. HUF 100,000 performs the advising through another bank on the instruction of its correspondent or at the request of the beneficiary; also applicable in the event in the event of an increase in the amount. 0.15%, min. HUF 10,000 max. HUF 100,000 2. Amendment commission (per order) HUF 10,000 3. Commission of claim for payment 0.15%, min. HUF 10,000 4. Guarantee issuance commission under the counterguarantee of another bank as per individual agreement (based on the country and bank risk) 2/12

V. Credit facilities 1.) Direct financing One-off Commitment 1.1.) Direct export pre-shipment financing working capital loan Monitoring Contract amendment variable-interest (EURIBOR/BUBOR/USD LIBORbased) 0.5% 0.5% p.a. /year, if 0.5% 0.5% p.a. /year, if 1.2.) Domestic working capital loan (EU reference interest rate-based) In the case of a USD loan, USD 330/year, if amount < USD 1.1 M USD 550/year, if amount >= USD 1.1 M 0.5% 0.5% p.a. /year, if (in the case of term of over 1 year) 3/12

variable-interest (EURIBOR/BUBOR/USD LIBOR-based) 0.5% 0.5% p.a. /year, if 1.3.) Domestic Investment Credit (EU reference interest rate-based) 0.5% 0.5% p.a. In the case of a USD loan, USD 330/year, if amount < USD 1.1 M USD 550/year, if amount >= USD 1.1 M /year, if variable-interest (EURIBOR/BUBOR/USD LIBOR-based) 0.5% 0.5% p.a. /year, if In the case of a USD loan, USD 330/year, if amount < USD 1.1 M USD 550/year, if amount >= USD 1.1 M 4/12

1.4.) Domestic investment credit (EU reference interest rate-based) 0.5% 0.5% p.a. /year, if variable-interest (EURIBOR/BUBOR/USD LIBOR-based) 0.5% 0.5% p.a. /year, if In the case of a USD loan, USD 330/year, if amount < USD 1.1 M USD 550/year, if amount >= USD 1.1 M 1.5.) Export investment loan variable-interest (EURIBOR/BUBOR/USD LIBOR-based) 0. 5% 0. 5% p.a. /year, if In the case of a USD loan, USD 330/year, if amount < USD 1.1 M USD 550/year, if amount >= USD 1.1 M 5/12

0.5% 0.5% p.a. /year, if In the case of a USD loan, USD 330/year, if amount < USD 1.1 M USD 550/year, if amount >= USD 1.1 M 6/12

1.6.) Buyer s credit facility 1.6.1.) Classic buyer s credit less than 2-year, variable-interest (EURIBOR/USD LIBOR/BUBOR-based) more than 2-year, more than 2-year, variable-interest (EURIBOR/USD LIBOR/BUBOR-based) 1.6.2.) Buyer s credit with project risk more than 2-year, more than 2-year, variable-interest (EURIBOR/USD LIBOR-based) LIST OF TERMS AND CONDITIONS One-off Commitment Monitoring Contract amendment 0.25% 0.25% p.a. - 0.5% 0.5% 0.5% p.a. - 0.5% 0.5% 0.5% p.a. - 0.5% 0.75% 0.75% p.a. based on individual agreement 1% 0.75% 0.75% p.a. based on individual agreement 1% 1.7.) Forfaiting, short-term purchase of receivables (EURIBOR/USD LIBOR-based discounted interest) 0.1% 0.5% p.a. - - 1.8.) Discounting of supplier s credit 2 years or less (EURIBOR/USD LIBOR-based 0.25% 0.25% p.a. - - discounted interest) more than 2 years (CIRR-based discounted interest) more than 2-year, variable-interest (EURIBOR/USD LIBOR-based discounted interest) 1.9.) Investment credit (for foreign investments) variable-interest (EURIBOR/USD LIBOR-based) 0.5% 0.5% p.a. - 0,75% 0.5% 0.5% p.a. - 0,75% 0.75% 0.5% p.a. based on individual agreement 0.5% 7/12

2.) Refinancing (s charged for financial institutions)* Commitment One-off (formerly: Monitoring ) 2.1.) Refinancing of export pre-shipment working capital loans for domestic financial institutions EUR 300 HUF 300 USD 300 0.5% p.a. for every full or partial million EUR/USD/HUF, on the contracted credit amount 2.2.) Domestic working capital credit refinancing for domestic financial institutions (EU reference interest rate-based) 0.5% p.a. 2.3.) Domestic investment credit refinancing for domestic financial institutions (EU reference interest rate-based) 0.5% p.a. 2.4.) Export-purpose investment loan refinancing for domestic financial institutions 0.5% p.a. EUR 300 HUF 300 for every full or partial million EUR/HUF, on the contracted credit amount EUR 300 HUF 300 for every full or partial million EUR/HUF, on the contracted credit amount EUR 300 HUF 300 USD 300 for every full or partial million EUR/HUF/USD, on the contracted credit amount Contract amendment - - - - 8/12

Commitment One-off (formerly: Monitoring ) 2.5.) Refinancing of export-purpose leasing services for domestic financial institutions In the case of a EUR refinancing loan, depending on the amount of the EUR 300, if amount > EUR 1 M EUR 150, if EUR 0.5 M < amount =< EUR 1 M EUR 100, if EUR 0.15 M < amount =< EUR 0.5 M EUR 50, if amount =< EUR 0.15 M 2.6.) For domestic financial institutions, for post-shipment financing Commitment more than 2-year, 2.7.) Interbank buyer s loan and buyer s credit facility less than 2-year, variable-interest (EURIBOR/USD LIBOR-based) more than 2-year, more than 2-year, variable-interest (EURIBOR/USD LIBOR-based) - In the case of a HUF refinancing loan, depending on the amount of the HUF 90 thousand, if amount > HUF 300 M 45 thousand HUF, if HUF 150 M HUF < amount =< HUF 300 M HUF 30 thousand, if HUF 45 M < amount =< HUF 150 M HUF 15 thousand, if amount =< HUF 45 M One-off Contract amendment - Contract amendment 0.5% p.a. 0.5% 0.5% Commitment One-off Contract amendment 0.25% p.a. 0.25% 0.5% 0.5% p.a. 0.5% 0.5% 0.5% p.a. 0.5% 0.5% * For non-standard transactions the contracts concluded between financial institutions may specify different s. 9/12

Interest rate/discount interest rate (i) Reference interest rate: variable, BUBOR, EURIBOR or USD LIBOR; fixed CIRR 11, EU reference interest rate 2, or in the case of NHP loans the funding cost of refinancing received from the MNB (fixed at the time of concluding the credit contract, and fixed for the full tenor of the credit facility). (ii) Interest premium: determined individually based on the Client, the transaction, the costs, and on the country risk and the bank risk. Fees and commissions a) One-off : Payable in advance in respect of the full credit amount, or, in the case of a receivables purchase, the contracted amount. In the case of a lease refinancing facility, all the one-off s incurred in a given calendar quarter are paid by the financial institution in a single amount on the last working day of each calendar quarter. b) Commitment : Payable in arrears, together with the interest payment, on the available and undrawn amount of the credit line. c) Monitoring : Payable every year in advance on the anniversary of contract conclusion. d) Procedural s: A contract amendment is payable in advance, before the amendment goes into effect, or in arrears. e) Break : In accordance with the General Contractual Terms. 1 The CIRR (Commercial Interest Reference Rate) is the OECD s reference rate, published by the secretariat of the OECD. 2 Published by the European Commission on the basis of an announcement by the European Commission (OJ C 14, 19.1.2008, p.6.). 10/12

VI. Deposits 3 LIST OF TERMS AND CONDITIONS The smallest amount that may be deposited at the Bank is HUF 25 (twenty-five) million, or the equivalent thereof in another currency calculated at the MNB exchange rate valid on the day of deposit fixing. Clients may fix deposits in forint (HUF), euro (EUR) and US dollar (USD). The selectable fixed periods and the terms and conditions of the Deposit Account (including the paid deposit interest rate, as well as the interest rate paid in the event of termination of the deposit), and the s and commissions related thereto, are determined by the Bank individually for each transaction. VII. Other s 1. Special banker s correspondence HUF 5,000/item 2. SWIFT costs HUF 1,000/message 3. Fax costs HUF 500/message 4. Text drafting HUF 10,000/text General terms and conditions 1. This List of Terms and Conditions has been drawn up in Hungarian and in English; in the event of a legal dispute or difference in interpretation, the Hungarian version shall prevail. 2. In the event of a discrepancy between the printed version displayed at the Bank s registered office and the version published on the website, the printed version shall prevail. 3. In addition to the listed terms and conditions we charge the commission requested, deducted or refused by the foreign bank, as well as our own incurred costs. 4. In the case of services not indicated in List of Terms and Conditions, or which require a non-standard procedure or that involve a different level of risk, we charge commission in accordance with a separate agreement. 5. The s indicated in the List of Terms and Conditions are charged and invoiced to the Client by the Bank in the currency of the given transaction. If, based on separate instructions of the Client, the invoicing of the s takes place in a different currency to this, the Bank shall perform the conversion at the sell exchange rate quoted by the Bank and valid on the day of invoicing. 6. The s charged in accordance with this List of Terms and Conditions are invoiced immediately upon performance. The Client is obliged to transfer the invoiced s to the Bank within eight calendar days from the date of the invoice. In the case of a credit transaction in the absence of an agreement to the contrary the due s are deducted from the amount of the disbursement. 7. The Bank reserves the right to only execute orders that accord with its business policy. 3 The Bank, based on the relevant provisions of Act XLII of 1994 on the Hungarian Export-Import Bank and the Hungarian Export Credit Insurance Company, is authorised to collect deposits within a limited range, in the interbank market, exclusively from domestic and foreign professional clients as defined in Section 48, paragraph (1) of Act CXXXVIII of 2007 on Investment Firms, Commodity Dealers and the Regulations Governing their Activities, and from Mehib Zrt. 11/12

8. Outgoing forint and foreign currency orders submitted by the Client by 10 am are executed by the Bank on the working day following the day of submission. Orders received after 10 am are executed by the Bank on the second working day following the day of submission. 9. The Bank undertakes administration of documentary lending (letters of credit) in accordance with the universal rules and standards set out in the latest effective publication of the International Chamber of Commerce in Paris, even if the Principal does not stipulate this in the order. In the case of guarantees, the applicable law and determination of the international standards are recorded in the commission contract on the basis of an individual assessment. 10. The Bank reserved the right to change, in line with its business policy, the interest rates and s set forth in this List of Terms and Conditions. The Bank notifies its Clients of changes to the List of Terms and Conditions by displaying them in its registered office. Changes unfavourable to the Client that affect the interest rates or s in the List of Terms and Conditions shall take effect following the 15th day of their being displayed. The List of Terms and Conditions shall be deemed to have been delivered on the bank working day following the day of their being displayed. If, within 15 days from the List of Terms and Conditions being displayed, no objection or comment has been received from the Client, the Bank shall deem the List of Terms and Conditions to have been acknowledged and accepted by the Client. At the Client s separate request the List of Terms and Conditions shall be sent to the Client. 12/12